Legal Ethics Law360 provides breaking news and analysis on legal malpractice cases and attorney misconduct. Coverage includes criminal allegations, disciplinary actions, and recusals involving attorneys and judges, as well as legal rules and standards.
Next week's planned trial of a Texas state senator for fracking-related securities fraud was abruptly called off by a judge Wednesday — over the strident objections of the lawmaker — after a co-defendant's lawyer announced he could no longer ethically represent his client.
New Jersey's judicial administrator on Tuesday urged a federal judge to deny a state judge's request to attend a professional training program next month, arguing that he's barred from work duties while judiciary officials probe misconduct allegations against him.
Two men accused of participating in an $86 million pump-and-dump scheme involving the stock of medical billing firm CodeSmart Holdings Inc. each pled guilty to a securities-fraud conspiracy charge in Brooklyn federal court Wednesday.
The Third Circuit determined Wednesday that a New Jersey bankruptcy court was right to throw out a $30 million judgment against a Wall Street stockbroker accused of fraud, saying in its precedential ruling that the investors’ attorney had deliberately withheld key information about a separate settlement.
The conviction of auto racer Scott Tucker and his attorney on Friday over a $2 billion payday lending fraud paints the tribal lending businesses embroiled in the scheme in a harsh light, ratcheting up pressure on other lending tribes to show their operations are legitimate and have controls in place that could head off a similar mess.